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Merger20 Jul 2026, 08:40 pm

Veefin Solutions Creditors Approve Merger Scheme

AI Summary

Veefin Solutions Ltd announced that its unsecured creditors have approved the Scheme of Amalgamation. The resolution, which involves the merger by absorption of GlobeTF Solutions Limited and Estorifi Solutions Limited with Veefin Solutions Limited, was passed with the requisite majority. The approval was granted through remote e-voting and e-voting at a meeting convened as per the directions of the National Company Law Tribunal (NCLT), Mumbai Bench. The Scrutinizer's Report confirmed the resolution's approval, with 100% of valid votes in favor. This marks a significant step towards the completion of the amalgamation process.

Key Highlights

  • Unsecured creditors approved the Scheme of Amalgamation.
  • Merger involves GlobeTF Solutions and Estorifi Solutions with Veefin.
  • Resolution passed with 100% of valid votes in favor.
  • Approval obtained via NCLT-directed e-voting process.
  • Scheme requires approval under Companies Act, 2013.